1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Great Eastern Appliances Private Limited |
Principal Name 1 |
Mr. Nirmal Kumar Baid |
|
Status |
Moderate |
Principal Name 2 |
Mr. Prem Baid |
|
|
|
Registration # |
21-086420 |
|
Street Address |
15B, Sarat Bose Road, Kolkata-700020, West Bengal |
||
|
Established Date |
28.01.1998 |
SIC Code |
-- |
|
Telephone# |
91-33-22103649 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-22420180 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Air Conditioners |
|
# of employees |
Not Available |
Product Name 2 |
Furniture and Fixtures |
|
Paid up capital |
Rs.85,800,000/- |
Product Name 3 |
Coolers |
|
Shareholders |
Bodies corporate -22.87%,
Directors or relatives of directors-77.02%, Other top fifty shareholders-
0.11% |
Banking |
United
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
14 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
India |
Sanchiya Developers Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
170,251,000 |
Current Liabilities |
58,779,000 |
|
Inventories |
560,074,000 |
Long-term Liabilities |
798,713,000 |
|
Fixed Assets |
192,902,000 |
Other Liabilities |
23,788,000 |
|
Deferred Assets |
23,785,000 |
Total Liabilities |
881,280,000 |
|
Invest& other Assets |
132,800,000 |
Retained Earnings |
112,692,000 |
|
|
|
Net Worth |
198,532,000 |
|
Total Assets |
1,079,812,000 |
Total Liab. & Equity |
1,079,812,000 |
|
Total Assets (Previous Year) |
865,537,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
19,999,000 |
|
Sales(Previous yr) |
1221,156,000 |
Net Profit(Prev.yr) |
13,743,000 |
MIRA
INFORM REPORT
|
Report Date : |
22.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GREAT EASTERN APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15B, Sarat Bose Road, Kolkata-700020, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.01.1998 |
|
|
|
|
Com. Reg. No.: |
21-086420 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.85.800
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63022WB1998PTC086420 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG02081C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1741J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Air Conditioners, Furniture and Fixtures,
Air Coolers, Refrigeration, Television, Audio and Video Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 790000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- (Cash Credit) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
May 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
15B, Sarat Bose Road, Kolkata-700020, West Bengal, India |
|
Tel. No.: |
91-33-22103649/ 66347822 |
|
Fax No.: |
91-33-22420180 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Nirmal Kumar Baid |
|
Designation : |
Director |
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
10.09.1954 |
|
Date of Appointment : |
28.01.1998 |
|
PAN No.: |
AEIPB7815A |
|
DIN No.: |
00541706 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70101WB1992PTC056938 |
SANCHIYA
HOUSING PRIVATE LIMITED |
Director |
09/11/1992 |
09/11/1992 |
Active |
NO |
|
2 |
U63022WB1998PTC086420 |
GREAT
EASTERN APPLIANCES PRIVATE LIMITED |
Director |
28/01/1998 |
28/01/1998 |
Active |
NO |
|
3 |
U70101WB1998PTC088233 |
SANCHIYA
NIKETAN PRIVATE LIMITED |
Director |
11/11/1998 |
11/11/1998 |
Active |
NO |
|
4 |
U70109WB2011PTC160003 |
GREAT
EASTERN HOUSING PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
Name : |
Mr. Prem Baid |
|
Designation : |
Director |
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
15.08.1958 |
|
Date of Appointment : |
18.04.2002 |
|
PAN No.: |
AEHPB1402Q |
|
DIN No.: |
00550958 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70101WB1998PTC087924 |
SANCHIYA
DEVELOPERS PRIVATE LIMITED |
Director |
14/09/1998 |
14/09/1998 |
Active |
NO |
|
2 |
U63022WB1998PTC086420 |
GREAT
EASTERN APPLIANCES PRIVATE LIMITED |
Director |
18/04/2002 |
18/04/2002 |
Active |
NO |
|
3 |
U70109WB2011PTC160003 |
GREAT
EASTERN HOUSING PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
Active |
NO |
|
Name : |
Ms. Pooja Baid |
|
Designation : |
Director |
|
Address : |
8, Heysham Road, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
06.04.1984 |
|
Date of Appointment : |
01.09.2005 |
|
PAN No.: |
AHTPB1497J |
|
DIN No.: |
00541680 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63022WB1998PTC086420 |
GREAT
EASTERN APPLIANCES PRIVATE LIMITED |
Director |
01/09/2005 |
01/09/2005 |
- |
Active |
NO |
|
2 |
U72501WB2011PTC160004 |
GREAT
EASTERN INFOTECH PRIVATE LIMITED |
Director |
01/03/2011 |
01/03/2011 |
23/12/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Nirmal Kumar Baid |
2597500 |
|
Punam Baid |
120000 |
|
Hemraj Baid |
10000 |
|
Prem Baid |
1331500 |
|
Pulkit Baid |
1967500 |
|
Sanchiya Developers Private Limited, India |
983500 |
|
Sanchiya Niketan Private Limited, India |
960000 |
|
Pooja Baid |
530000 |
|
Gaurav Agencies Private Limited, India |
20000 |
|
Glores Business Private Limited, India |
30000 |
|
Novex Trade and Holdings Private Limited, India |
30000 |
|
TOTAL
|
8580000 |
AS ON 31.03.2012
|
Names of Allottees |
No. of Shares |
|
Nirmal Kumar Baid |
1417000 |
|
Garima Baid |
1500 |
|
Tnishka Baid |
1500 |
|
TOTAL |
1420000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
22.87 |
|
Directors or relatives of Directors |
77.02 |
|
Other top fifty shareholders |
0.11 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Air Conditioners, Furniture and Fixtures,
Air Coolers, Refrigeration, Television, Audio and Video Equipments. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, SME Banking, 19, N.S. Road,
Kolkata-700001, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Housing Development Finance Corporation Limited,
Ramon House, 169 Backbay Reclamation, H T Parekh Marg, Mumbai-400020,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
U Chartered Accountants |
|
Address : |
42/1, |
|
Tel. No.: |
91-33-22374622 |
|
E-Mail : |
|
|
PAN No.: |
AAAFU8724F |
|
|
|
|
Associates : |
·
Sanchiya Developers Private Limited ·
Sanchiya Niketan Private Limited ·
Anchiya Housing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8580000 |
Equity Shares |
Rs.10/- each |
Rs. 85.800
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
85.800 |
85.000 |
50.000 |
|
|
2] Share Application Money |
0.040 |
1.040 |
27.040 |
|
|
3] Reserves & Surplus |
112.692 |
67.424 |
47.848 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
198.532 |
153.464 |
124.888 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
679.518 |
538.934 |
396.026 |
|
|
2] Unsecured Loans |
119.195 |
66.967 |
105.567 |
|
|
TOTAL BORROWING |
798.713 |
605.901 |
501.593 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.287 |
|
|
|
|
|
|
|
|
TOTAL |
997.245 |
759.365 |
626.768 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
192.902 |
124.441 |
107.659 |
|
|
Capital work-in-progress |
131.959 |
164.858 |
145.691 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.606 |
0.606 |
0.606 |
|
|
DEFERREX TAX ASSETS |
23.785 |
5.715 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
560.074
|
446.198
|
310.983 |
|
|
Sundry Debtors |
29.719
|
21.262
|
17.044 |
|
|
Cash & Bank Balances |
36.572
|
8.522
|
20.661 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
103.960
|
93.656
|
89.297 |
|
Total
Current Assets |
730.325
|
569.638 |
437.985 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
48.390
|
75.880
|
37.381 |
|
|
Other Current Liabilities |
10.389
|
17.904
|
14.085 |
|
|
Provisions |
23.788
|
12.388
|
14.033 |
|
Total
Current Liabilities |
82.567
|
106.172 |
65.499 |
|
|
Net Current Assets |
647.758
|
463.466
|
372.486 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.235 |
0.279 |
0.326 |
|
|
|
|
|
|
|
|
TOTAL |
997.245 |
759.365 |
626.768 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
1221.156 |
893.141 |
|
|
|
Other Income |
|
3.503 |
2.905 |
|
|
|
TOTAL |
NA |
1224.659 |
896.046 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
1080.852 |
753.649 |
|
|
|
Administrative and Selling Expenses |
|
116.495 |
121.942 |
|
|
|
TOTAL |
NA |
1197.347 |
875.591 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
27.312 |
20.455 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
7.768 |
6.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
31.428 |
19.544 |
13.753 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.429 |
5.801 |
5.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
19.999 |
13.743 |
8.106 |
|
|
|
|
|
|
|
|
|
|
Provision for
Earlier Year |
0.000 |
(0.169) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax
Liability |
0.000 |
6.003 |
0.017 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
67.425 |
47.848 |
39.725 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
105.492 |
67.425 |
47.848 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.36 |
2.33 |
1.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
1.12
|
0.90 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.60
|
1.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.32
|
2.82
|
2.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.13
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.44
|
4.64
|
4.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.85
|
5.37
|
6.69 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
Registered office has been shifted from 20, Old Court House Street w.e.f
23.09.1999, P S Hare Street, Kolkata – 700 001, West Bengal, India to the
present address w.e.f. 01.04.2012.
FORM 8
|
Corporate identity
number of the company |
U63022WB1998PTC086420 |
|
Name of the
company |
GREAT EASTERN
APPLIANCES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15B, Sarat Bose Road, Kolkata-700020, West Bengal, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property ·
Any
interest in immovable property |
|
Particular of
charge holder |
Housing Development Finance Corporation Limited, Ramon House, 169
Backbay Reclamation, H T Parekh Marg, Mumbai-400020, Maharashtra, India |
|
Nature of
instrument creating charge |
Equitable
Mortgage of Property being a plot of land ad measuring 16 cottahs (appx) situated
at premises 10/1, Rowland Road, PS - Ballygunge, Kolkata - 20 and construction thereon
present and future |
|
Date of
instrument Creating the charge |
20.07.2012 |
|
Amount secured by
the charge |
Rs. 200.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 12.75% (subject
to change) as per loan agreement dt. 20.07.2012 Terms of repayment 180 EMI OF
Rs.2.498 Millions EACH (subject to change) as per loan agreement dated. 20.07.2012 Margin NIL Extent and operation of the charge Equitable
Mortgage of Property being a plot of land ad measuring 16 cottahs
(approximately) situated at premises 10/1, Rowland Road, PS -
Ballygunge, Kolkata - 20 and
construction thereon present and future |
|
Short particulars
of the property charged (Including location of the property) |
Property being a
plot of land ad measuring 16 cottahs (approximately) situated at premises
10/1, Rowland Road, PS - Ballygunge,
Kolkata - 20 and construction thereon present and future |
FIXED ASSETS
·
Land
·
Building
·
Computer
·
Furniture
·
Electrical Installation
·
Fax
·
Mobile Phone
·
Motor Car
·
Mini Tempo
·
Air Conditioner
·
Notes Counting Machine
·
Time Scanner
·
Generator Set
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 53.71 |
|
|
1 |
Rs. 86.14 |
|
Euro |
1 |
Rs. 70.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.